RMB Capital Management LLC increased its stake in shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) by 32.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 805,553 shares of the bank’s stock after buying an additional 195,745 shares during the period. Xenith Bankshares comprises 0.8% of RMB Capital Management LLC’s investment portfolio, making the stock its 18th largest position. RMB Capital Management LLC’s holdings in Xenith Bankshares were worth $20,437,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in XBKS. Heritage Wealth Advisors raised its position in shares of Xenith Bankshares by 49.2% in the first quarter. Heritage Wealth Advisors now owns 42,288 shares of the bank’s stock valued at $1,073,000 after buying an additional 13,937 shares in the last quarter. Mendon Capital Advisors Corp raised its position in shares of Xenith Bankshares by 23.3% in the first quarter. Mendon Capital Advisors Corp now owns 579,855 shares of the bank’s stock valued at $14,711,000 after buying an additional 109,507 shares in the last quarter. Trexquant Investment LP bought a new position in Xenith Bankshares during the first quarter valued at about $244,000. Bank of New York Mellon Corp raised its position in Xenith Bankshares by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 27,149 shares of the bank’s stock valued at $688,000 after buying an additional 4,751 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in Xenith Bankshares during the first quarter valued at about $1,083,000. Institutional investors and hedge funds own 56.75% of the company’s stock.
Xenith Bankshares, Inc. (NASDAQ XBKS) traded down 0.38% during midday trading on Monday, reaching $31.75. The company had a trading volume of 64,646 shares. The firm has a 50-day moving average of $29.41 and a 200 day moving average of $25.70. Xenith Bankshares, Inc. has a 1-year low of $16.70 and a 1-year high of $33.30.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Xenith Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.00 price target on shares of Xenith Bankshares in a research report on Thursday, April 27th. Finally, Stephens assumed coverage on Xenith Bankshares in a research report on Friday, April 7th. They issued an “equal weight” rating for the company.
About Xenith Bankshares
Xenith Bankshares, Inc, formerly Hampton Roads Bankshares, Inc, is a bank holding company for Xenith Bank. Xenith Bank is a commercial bank specifically targeting the banking needs of middle market and small businesses, local real estate developers and investors, and retail banking clients. Xenith Bank’s regional area of operations spans from Baltimore, Maryland, to Raleigh and eastern North Carolina, complementing its presence in greater Washington, DC, greater Richmond, Virginia, and greater Hampton Roads, Virginia.
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